Common Sense Living

Auto Sales Declining – RAPIDLY!

I have been warning of a severe economic slowdown for months, along with a once in a lifetime crash in the stock, bond, real estate, & derivatives markets.  Today, the Dow Industrial Average looks like it will open DOWN over 400 points.

autosales

But more telling is this article from CNBC today discussing a severe pullback in auto sales, as surveyed by dealers across the country.

Auto Sales See Sharp Decline

It will take a few months for these numbers and new trends to show in the charts, but it is clear the economy has turned the corner for the worse.

 

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